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To: Justa Werkenstiff who wrote (12795)3/26/2000 1:37:00 PM
From: Mr. BSL  Respond to of 15132
 
Justa: re: "Whatever happened to the P & F bond sell signal? It seems like the bond market made a key reversal on Friday. "

DJ 20 Bond average reversed into a column of X's last week, but no buy signal yet. It currently stands at 95.6 and would give a low pole buy signal at 95.8 and a triple top buy signal at 96.6. Orhtodox P&F types like me don't count low pole buy signals on indexes! Bottom line, 96.6 would confirm a turn around. Some people get in early (when the index reverses up into a column of X's) with close stops to catch the full move.

The NYSE P&F indicators are very bullish right now FWIW.
We may be having market topping action but the bottom won't be falling out anytime soon. I've come close to positive Q2's in the past 3 or 4 years. I'll be taking a full boat into this one. Damn the torpedo's!

Good luck and keep up the good work on the thread.

Dick